Specialty Eateries Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/14/2023
SIC Codes: 5461, 5812
NAICS Codes: 722515
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Specialty Eateries Industry Profile

Companies in this industry operate limited service restaurants that serve specialty snack items or nonalcoholic beverages for consumption on or near the premises. Major companies include Einstein Bros Bagels, FOCUS Brands (owner of Auntie Anne's, Carvel, Cinnabon, and Jamba Juice), Inspire Brands, Krispy Kreme Doughnuts, and Starbucks (all based in the US), along with Caffè Nero and Costa Coffee (both based in the UK), Duskin (Japan), and Tim Hortons (Canada).

Global food service market is forecast to reach about $5 trillion by 2028, at a compound annual growth rate (CAGR) of over 10% over 2022-2028 forecast period, according to SkyQuest Technology Consulting. Europe and North America are currently leading the food service market. Asia Pacific is forecast to be the most important region for the market over the next few years.

The US specialty eatery industry includes about 65,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $40 billion.


Demand is driven by demographics, consumer tastes, and personal income. The profitability of individual companies depends on efficient operations and high volume sales. Large companies have advantages in purchasing, finance, and marketing. Small companies can compete effectively by offering high-quality menu items and providing superior customer service. The industry is fragmented: the top 50 companies account for about 40% of revenue.

Specialty eateries compete with establishments offering snacks and other food items such as grocery stores, convenience ...

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